Global Food Grade Erythritol Market Size To Worth USD 0.1903 Billion By 2033 | CAGR of 5.17%
Category: Chemicals & MaterialsGlobal Food Grade Erythritol Market Size To Worth USD 0.1903 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Food Grade Erythritol Market Size is Expected to Grow from USD 0.1150 Billion in 2023 to USD 0.1903 Billion by 2033, at a CAGR of 5.17% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the "Global Food Grade Erythritol Market Size, Share, and COVID-19 Impact Analysis, By Type (Erythritol Powder and Erythritol Granular), By Application (Beverages and Food), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/food-grade-erythritol-market
The food grade erythritol market refers to erythritol that is manufactured and sold specifically for use in food products. A common low-calorie sweetener in reduced-sugar and sugar-free meals is erythritol, a sugar alcohol. The market for food-grade erythritol is expanding significantly due to the food and beverage industry's increasing demand for popular sweeteners. The increasing need for common sweeteners in the food and beverage industry is driving an important growth in the food grade erythritol market. Consumers' desire for unique and natural products and their increasing knowledge of the health benefits of food-grade erythritol drive market expansion. The market for food-grade erythritol is being driven by consumers who are health-conscious and are looking for low-calorie and low-sugar options. Growing consumer awareness of the detrimental health effects of sugar consumption is driving the market for food-grade erythritol, which is important. Growing applications in the food and beverage market, rising demand for low-calorie sweeteners, health-conscious consumer preferences, and the use of sugar-free products are all factors driving the growth food grade erythritol market. However, the largest restriction in the food grade erythritol market is the high cost of production as compared to conventional sugars.
The erythritol powder segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the type, the food grade erythritol market is classified into erythritol powder and erythritol granular. Among these, the erythritol powder segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The adaptability and preferred use of erythritol powder in a variety of applications, including drinks, confections, and other food products where a fine texture and quick dissolution are required, erythritol powder has become a market.
The beverages segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the food grade erythritol market is divided into beverages and food. Among these, the beverages segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Soft drinks, energy drinks, and flavored waters are among the sugar-free, low-calorie, and healthier beverage options that are driving the beverages segmental market growth.
North America is estimated to hold the largest share of the food grade erythritol market over the forecast period.
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North America is estimated to hold the largest share of the food grade erythritol market over the forecast period. The use of erythritol in food and beverage applications is being driven by consumers' effective search for low-calorie sweeteners. The increased popularity of ketogenic and diabetic-friendly diets, erythritol's use in functional foods is anticipated to rise, solidifying its position in the North American market.
Asia Pacific is predicted to have the highest CAGR growth in the food grade erythritol market over the forecast period. The growth of local generation offices and government initiatives to promote healthier eating options promotes the development of backstage areas. Asia-Pacific is therefore expected to become an important center for food-grade development.
Major key players in the food grade erythritol market include Cargill, Zibo ZhongShi GeRui Biotech, Baolingbao Biology Co., Ltd., Zhucheng Dongxiao Biotechnology Co., Ltd., Futaste Co., Ltd., Shandong Sanyuan Biotechnology Co., Ltd., Jungbunzlauer Suisse AG, Zhucheng Xingmao Co Developing, Mitsubishi-Chemical Foods Corporation, Yufeng Industrial Group, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In November 2022, Tate & Lyle PLC (Tate & Lyle) announced the addition of ERYTESSETM Erythritol, a new sweetener to its lineup. With a strategic partnership distribution agreement with a top erythritol supplier, this addition strengthens Tate & Lyle's position as the global leader in ingredient solutions for healthier food and beverages and increases our capacity to assist clients in meeting consumer demand for products with lower sugar and calorie content.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the food grade erythritol market based on the below-mentioned segments:
Global Food Grade Erythritol Market, By Type
- Erythritol Powder
- Erythritol Granular
Global Food Grade Erythritol Market, By Application
- Beverages
- Food
Global Food Grade Erythritol Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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